Payments News

On The Web

nbsp;

Global

Pix exceeds 1 billion transactions in five months

“Pix has surpassed the 1 billion transaction mark since its launch last November. There were 1.05 billion instant transactions in five months, to be exact. The number was reached during the month of March, when there were 393.64 million instant payments, an increase of 43% compared to February. In values, Pix traded R $ 787 billion between November […]
nbsp; nbsp;

Global

BankservAfrica Selects TCS BaNCS™ to Drive South Africa’s Rapid Payments Program

“Tata Consultancy Services (TCS) has been appointed as the technology provider for South Africa’s payments platform build for the Rapid Payments Programme (RPP). By joining forces with TCS, BankservAfrica will evolve payments for the hyperconnected digital economy in South Africa and beyond…RPP meets the requirements of the Payments Association of South Africa’s (PASA) vision for […]
nbsp;

Systems

Merchants Want More Say As Faster Payments Develop

“Retailers are often considered to be key beneficiaries of faster payments, but they may be among the last to reap its benefits in the U.S. The latest advancements in real-time payments are focused on banks’ use cases. The Federal Reserveis advancing its real-time settlement service through testing with banks, and Visa is piloting two artificial […]
nbsp;

Systems

EBA Clearing’s RT1 Reaches Critical Mass in Belgian for Instant Payments

“EBA Clearing has revealed that its RT1 platform has reached critical mass in Belgium for instant payments.The pan-European instant payment infrastructure system now counts six participants based in Belgium: Aion SA, BNP Paribas Fortis, Belfius, CBC Banque, ING Belgium and KBC Bank.EBA says that with this coverage, the vast majority of Belgian payment accounts are […]
nbsp; nbsp;

On The Wires

nbsp;

Global

 EMQ Delivers Enhanced Cross-Border Payment Capabilities in Hong Kong

“Global financial settlement network EMQ today announced a significant enhancement to its cross-border payment capabilities by adding Hong Kong’s Faster Payment System (FPS) to the network. This extends EMQ’s network infrastructure deeper into domestic markets, enabling global customers to cost-effectively send funds in both Hong Kong Dollar (HKD) and Renminbi (RMB) in minutes, reaching a […]
nbsp;

Global

Retail Payments: Council Supports Action to Promote Instant Payments and EU-wide Payment Solutions

“EU member states want to make it easier for consumers to pay in shops, and to make e-commerce transactions widely available, convenient and safe across the EU. The Council today adopted conclusions that respond to the retail payments strategy for the EU presented by the Commission in September 2020. Against the background of rapid innovation […]
nbsp;

Global

Fidor Solutions Partners With SIA to Launch Instant Payments Service in Europe

“Fidor Solutions, a 100 % subsidiary of Sopra Banking Software, has signed a partnership agreement with SIA, a leading European hi-tech company in payment services and infrastructures, controlled by CDP Equity, to launch its new instant payments service in Germany and in other European countries. Thanks to this agreement, Fidor Solutions is able to allow European […]